How would one characterize holding company? a). A company that "holds" only assets, no liabilities b) a company which has no "operational" assets on its balance sheet, just other operating companies c) company that is not organized as a corporation d) a company that holds grudges against another company.
How would one characterize holding company? a). A company that "holds" only assets, no liabilities b) a company which has no "operational" assets on its balance sheet, just other operating companies c) company that is not organized as a corporation d) a company that holds grudges against another company.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter2: Analyzing Transactions: The Accounting Equation
Section: Chapter Questions
Problem 3TF: According to the business entity concept, nonbusiness assets and liabilities are not included in the...
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How would one characterize holding company?
a). A company that "holds" only assets, no liabilities
b) a company which has no "operational" assets on its
c) company that is not organized as a corporation
d) a company that holds grudges against another company.
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